Wave Systems Corp. (fka WAVXQ)

[Snackman]

Reuters
Security underdog Wave Systems wins Intel pact
Thursday July 31, 12:28 pm ET

NEW YORK, July 31 (Reuters) - Wave Systems Corp., which for years has struggled to win recognition for its novel method of securing digital content against unauthorized copying, said on Thursday it had agreed with Intel Corp. to a technology pact.

ADVERTISEMENT
Wave Systems shares rocketed 97 percent to $1.66 after it said the deal would allow Intel to embed Wave's software and services in a future Intel motherboard -- the internal chassis that holds the chips used to run desktop personal computers.

Wave Systems of Lee, Massachusetts, said the deal with Intel promises to accelerate the market for so-called "trusted computing," which is an industry-backed concept for making the transfer of digital information more secure on computers by implanting technology that makes each computer identifiable.

"Wave helps fill a critical requirement for trusted computing services," said Michelle Johnston, acting director of marketing for Intel Desktop Board Operations, said in a statement. "We believe (Wave software) will provide good value for our customers looking for trusted computing applications."

Wave said it recently announced a licensing agreement with National Semiconductor Corp. (NYSE:NSM - News) to bundle Wave's security software with National's semiconductor module for use in building trusted computers. It has a similar deal with Infineon Technologies AG (XETRA:IFXGn.DE - News) of Germany.